Government vide notification S.O. 1420 (E) dated 29.03.2018 increased the limit of amount of gratuity payable to an employee under sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972) from from the existing limit of Rs. 10 Lakh to Rs. 20 Lakhs.
S.O. 1420 (E).—In exercise of the powers conferred by sub-section (3) of section 4 of the Payment of Gratuity Act, 1972 (39 of 1972), the Central Government hereby specifies that the amount of gratuity payable to an employee under the said Act shall not exceed twenty lakh rupees.
MANISH GUPTA, Jt. Secy.
List of Recent Gratuity Related Notification
|Payment of Gratuity (Amendment) Act, 2018 applicable from 29.03.2018||Notification No. S.O. 1419(E).||29/03/2018|
|Govt. increases maximum gratuity limit to Rs. 20 Lakhs||Notification No. S.O. 1420 (E).||29/03/2018|
|Govt notifies maximum maternity leave of 26 weeks for Gratuity||Notification No. S.O. 1421 (E)||29/03/2018|
|President assents Payment of Gratuity (Amendment) Act, 2018||NO. 12 OF 2018||29/03/2018|